The Pension Fund Regulatory and Development Authority (PFRDA) on March 10, 2026, issued a circular revising the charge structure applicable to Points of Presence (PoPs) for Common Schemes under the National Pension System (NPS), including NPS (All Citizen), NPS Vatsalya and NPS Lite.
As per the revised framework under Regulation 16 of the Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2018, PoPs may charge a one-time onboarding fee of ₹200 per new account, while digital and non-face-to-face onboarding may attract a reduced charge of ₹100. Additionally, an annual charge of 0.20% of Assets Under Management (AUM) will be levied and adjusted through NAV, payable to PoPs on a quarterly basis. Dormant accounts will not attract these charges.
The circular also prescribes a minimum contribution of ₹250 at the time of onboarding and ₹10 for subsequent contributions. Subscribers onboarded through e-NPS and making contributions through e-NPS or D-Remit will not be liable to pay PoP charges. The revised charge structure supersedes earlier circulars on PoP service charges and will be implemented by Central Recordkeeping Agencies from Q4 of FY 2025–26 onwards.
[Notification No. PFRDA/2026/16/REG-POP/01]
